VAT
We
understand that the property is elected for VAT and therefore VAT
will be payable on the purchase price. It is envisaged however that
the transaction will be dealt with by way of a Transfer of a Going
Concern (TOGC).
Proposal
- Recently refurbished property
- Low base rent with excellent
prospects for rental growth
- Well located close to Godalming town
centre and station
- Undoubted covenant
- Affluent town with strong underlying
housing market
We are instructed to seek offers in
excess of £1,670,000 subject to contract and
exclusive of VAT.
A purchase at this level would reflect
a Net Initial Yield of 6.50% and a low capital
value of £181 per sq ft with usual acquisition costs of 5.80%.